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Investments by Foreign Investors in Israel is becoming in recent years more and more attractive in particular by Jewish individuals who are looking for their second home in Israel.
The most popular places are Jerusalem, Tel Aviv, Nethaniy,Ashdod and Eilat. Israeli Real Estate market demonstrated its strength in the last global financial crises in which prices in Israel remain steady and the prices have been climbing higher in recent months.
Israel has a modern Title Registration System providing maximum protection and security for the purchaser and the transaction are fast and the associated costs are relatively very low.
Financing for Foreign Investors is also available and relatively easy for qualified buyers. Israeli banks also offer mortgages to foreigners, that usually have to present financial documents from their bank in their foreign residence. The average loan amount is approx 60% but it can go up to - 70% of the acquired property Value. Some banks request that an Israeli relative will be added as a party to the loan agreement only for the purpose of easier communication and not as an additional debtor or guarantor. It is important to get a proper tax advice about the possibility to deduct the loan interest from income generated from the apartment.
Attorney's fees for representing a party to a regular purchase are between 0.5% to 2% plus v.a.t from the transaction price and Brokerage fees are normally between1% to 2% plus v.a.t from the transaction price.
Israel is also considered a tax haven for foreign real estate investors and therefore it is considered as most suitable for foreign investment in real estate in Israel.
We provide our clients with all the services that are needed for their real estate purchase. We assist our clients to locate the right investment for them, we represent them in the entire purchase process and we also provide them with all the associated services including renting their real property and maintaining it.
We will take care of all your Israeli Real Estate management needs, in a personal and relaiable fast service.
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